Foster & Motley Inc. purchased a new position in Textron Inc. (NYSE:TXT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,104 shares of the aerospace company's stock, valued at approximately $1,477,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXT. Fidelity National Financial Inc. acquired a new stake in shares of Textron during the 2nd quarter worth about $27,519,000. Tiemann Investment Advisors LLC acquired a new position in Textron in the second quarter valued at about $183,000. Citizens Financial Group Inc. RI bought a new stake in Textron during the second quarter worth about $1,315,000. BlackRock Inc. bought a new stake in Textron during the second quarter worth about $1,434,125,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Textron during the second quarter worth approximately $1,390,000. Institutional investors own 86.03% of the company's stock.
Textron Price Performance
Shares of TXT stock opened at $86.26 on Thursday. The firm has a market cap of $14.84 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.27 and a beta of 0.91. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $90.04 and a 200 day moving average price of $91.49.
Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts expect that Textron Inc. will post 6.5 EPS for the current year.
Textron Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron's dividend payout ratio is currently 1.51%.
Analysts Set New Price Targets
TXT has been the subject of a number of research reports. Weiss Ratings upgraded Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. Jefferies Financial Group reiterated a "buy" rating on shares of Textron in a research report on Sunday, May 3rd. UBS Group reissued a "neutral" rating and set a $95.00 price objective on shares of Textron in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a research report on Monday, May 4th. Finally, TD Cowen reduced their target price on shares of Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $102.44.
Read Our Latest Research Report on Textron
Textron Company Profile
(
Free Report)
Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.
Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.
Featured Articles
Want to see what other hedge funds are holding TXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Textron Inc. (NYSE:TXT - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Textron, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Textron wasn't on the list.
While Textron currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
